Friday, October 26, 2007

Buy UTV CMP Rs 680 Target Rs 750-800 in a few days.

UTV posts Q2 net profit at Rs 17 crore vs Rs 9 crore and sales at Rs 39 crore vs loss of Rs 2.8 crore, says Ronnie Screwvala, chairman of the company, on NDTV Profit. The company expects to have a 20% growth this year with a topline of Rs 400 crore, he adds. The stock is currently trading at Rs 681, up 1.6% on the BSE.

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